Energy trader Gunvor to relocate headquarters from Cyprus to Singapore and rebrand as Centalion

Global energy trading group Gunvor announced on October 2, 2026, its decision to relocate its legal headquarters from Nicosia, Cyprus, to Singapore. Alongside this shift, the company is rebranding to Centalion. The group, which recorded a global turnover of $144 billion in 2025, has been registered in Cyprus since January 2011, having previously operated under the name Clearwater Advisors Corp in the British Virgin Islands. Despite the relocation of the legal seat, the company will maintain its key trading offices in Geneva and Houston, where Chairman and CEO Gary Pedersen is based.

This strategic move follows the successful management buyout completed in December 2025 and is part of a broader overhaul of the group's ownership and development strategy. Centalion employs over 2,000 people globally and maintains operations in cities including London, Calgary, and Stamford. The decision to choose Singapore is attributed to its robust legal and financial infrastructure, as well as the company’s existing local presence dating back to 2006. This transition signifies a stronger focus on Asian markets for the group, which remains a central player in international energy and commodity trading.